2Shares

The company was incorporated on October 11, 2000 at Mumbai, India. It is one of the leading private life insurers. The firm is associated as a joint venture between the State Bank and BNPPC in 2001. State Bank of India is an eminent and well known bank in India which provides its services through 24,017 branches and 195 international offices in 36 countries and more than 420 million customers. While, BNPPC is an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally.

The company offers extensive product portfolio of 37 individual and group products comprising a range of protection and savings products to fulfill the needs of its customers. The firm has introduced participating products, non-participating protection products, other non-participating products and unit-linked products under its individual products segment, while credit life group products, other group protection products, group fund management products and other group products are placed and offered under its group products segment. It is operating and running one of the largest distribution and working channels like individual agents, partners, brokers, insurance marketing firms and other intermediaries.

Objects of the Issue:

To achieve the benefits of listing Equity Shares on the Stock Exchanges

To carry out the sale of up to 120,000,000 Equity Shares by the Selling Shareholders.

To enhance brand name;

General corporate purpose.

Summary of Issue:

Issue Open:-

Sep 20, 2017 to Sep 22, 2017

Issue Type

Book Build Issue IPO

Issue Size (Shares)

[120,000,000] Equity Shares

Issue Size in (Value)

Rs. 8400 crore

Face Value

Rs. 10 Per Equity Share

Issue Price

Rs. 685 – Rs. 700 Per Equity Share

Market lots

21 Equity Shares

Minimum Order Quantity

21 Equity Shares

Listing At

BSE, NSE

Important dates for SBI Life Insurance Company Limited IPO Allotment Status

The Allotment date for SBI Life Insurance Company Limited IPO issue is expected Sep 26,2017

The amount will get unblocked on Sep 27,2017 2017.

The Shares are expected to credited in DP accounts on Sep 27,2017 2017.

The Shares of SBI Life Insurance Company Limited likely to be listed on Sep 28,2017 2017 on both BSE and NSE.

SBI Life Insurance IPO Allotment Status

SBI Life Insurance Company Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

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